Financial services risk and regulation - Regulatory Updates Newsletter (September 2021)

The key updates in the September edition include:

HKMA Circular on Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area
SFC Concludes Consultation on Proposed Amendments to the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations) and the Prevention of Money Laundering and Terrorist Financing Guideline for Associated Entities
SFC Circular on Roadmap for Implementing the Hong Kong Investor Identification Regime and the Over-the-counter Securities Transactions Reporting Regime
HKMA issued Observations from Reviews on Sale of Qualifying Deferred Annuity Policy and Voluntary Health Insurance Scheme Products, and Referral Arrangement of Tax Deductible Voluntary Contributions
IA Circular on Enhancing the Guideline on Sale of Investment-Linked Assurance Scheme Products
Other Regulatory Updates

We have summarised the details of these key updates in this newsletter.